Will It Drop Another 20%? January 6, 2023 Ben Jones Uncategorized exodusHousing bubbleiBuyersMarkhamPhoenixRichmond HillSarasota CountySilicon ValleyVaughanShare ThisTweetSharePlus oneShareEmail Related Posts Investors Will Be Walking Away With Empty Pockets A report from the Times Standard in California. "Garberville and Whitethorn in Southern Humboldt County… A Huge Housing Boom That’s Created A Huge Excess Supply Of Homes It's Friday desk clearing time for this blogger. "Andrew Bauer, deputy regional executive for the… Were We Overpriced That This Was Needed To Correct Itself? It's Friday desk clearing time for this blogger. "Gary Yard is a 56-year-old West Springfield… This Post Has 11 Comments From the first 8:34 video: iBuyers Continue To Sell Homes For a LOSS Shawn Shackelton Jan 5, 2023 iBuyers are still selling homes for a loss which is having an effect on the overall home price appreciation in some markets and Phoenix just happens to be one of them. See these iBuyers used their algorithm to help come up with the purchase prices and those prices were all over market value and now they are paying the price for those steep purchase prices they paid. The second 9 minute video: 2023 Real Estate Market Will it drop another 20% Sophie In Silicon Valley Jan 4, 2023 What’s going to happen to the 2023 real estate market? Especially the housing price in Silicon Valley? Is it a good time to buy or sell? Will the mortgage rate go even higher? Watch my video below to get the answers. 0:00 Intro 0:33 2022 Silicon Valley SFR real estate market overview 1:06 2022 Silicon Valley Condo and Tomehouse real estate market overview 2:43 The factor to change the market trend 3:48 What will happen in the 2023 Silicon Valley Real Estate market 6:02 Positive aspects of the 2023 Silicon Valley Real Estate market 8:13 What is the best decision for the buyer or seller? The third 2:14 video: Sarasota investigators: Warrant out for arrest of contractor who scammed elderly immigrant couple 10 Tampa Bay Jan 4, 2023 The couple paid a man to build homes that he never finished. North Port Police say the contractor was last traced to a flight from Sarasota Bradenton airport to Istanbul Turkey in April 2022 — likely en route to Russia. The fourth 8:46 video: Why everyone is REALLY leaving California! You may not like the truth! Christa Nielsen – Silicon Valley Living Jan 5, 2023 Are you thinking of leaving California? You’re not alone! In this video, we take a look at the reasons why people are fleeing the Golden State in droves. Is it the high taxes? The cost of living? Or is something else driving people away? Watch and find out! The fifth 9:36 video: Home Sales Cut Close To Half In Vaughan, Richmond Hill & Markham Real Estate – Dec 28 Team Sessa Real Estate Jan 5, 2023 Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Dec 22 – Dec 28, 2022. “Why everyone is REALLY leaving California!” It’s much too expensive if one also has to contend with car prowls, filth, homeless hordes of zombies, traffic, etc. Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as it set a target of becoming free cash flow positive by the end of the second quarter. Home sellers looking for buyers gave concessions in nearly 42% of home sales in the fourth quarter — the highest share in any three-month period, real estate broker Redfin said, citing its records in a report on Thursday. https://www.msn.com/en-us/money/realestate/real-estate-broker-compass-to-cut-more-jobs-to-deal-with-housing-downturn/ar-AA160DSM Southfield-based Credit Acceptance Corp., which made its mark offering auto loans to those who have bad credit and might not qualify for an auto loan otherwise, is accused by regulators of making predatory deals that set financially vulnerable buyers up to fail. The auto loans for the used cars carry “exorbitant interest rates, are loaded with expensive add-on products, and saddle borrowers with debts” that even the lender believes that borrowers cannot afford to repay in full, according to a complaint filed Wednesday. https://www.msn.com/en-us/money/companies/southfield-auto-lender-accused-of-predatory-deals-setting-up-buyers-to-fail/ar-AA15YWUA Out comes the saddle! Samsung Electronics Co.’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated. Samsung’s operating profit fell by 69% to 4.3 trillion won ($3.4 billion) for the three months ended December, missing the average estimate of 6.7 trillion won by analysts. Sales fell to 70 trillion won, according to a company statement. Samsung is slated to provide a full financial statement with net income and information on divisional performance on Jan. 31. The grim preliminary numbers are adding pressure on Samsung, the world’s largest memory chipmaker, to shift gears and lower output and capex, fueling hopes for a turnaround. Samsung shares gained about 1% after swinging between gains and looses at the market open. Rival SK Hynix Inc. also climbed about 1% while Korean chip suppliers jumped. “Samsung has been adamant that it has no plans to cut capex or supply, but fast deterioration in demand and deteriorating profitability means that management might be forced to consider the unthinkable, that is, memory production cuts,” said CLSA analyst Sanjeev Rana. Memory chipmakers including Micron Technology Inc. have said they don’t expect a recovery until the second half of this year and have lowered budgets for new equipment and plants and cut costs. Micron further warned it’d be difficult to return to profitability this year, announcing a 10% reduction to its workforce, as well as more cuts in capital expenses. Hynix has said that it’d cut its capex in half for 2023. Samsung has previously said it has no immediate plans to cut output. Since then, however, memory chip price falls have accelerated as competition intensified over clients. https://www.msn.com/en-us/money/companies/samsung-profit-tumbles-in-historic-drop-on-chip-price-falls/ar-AA161cY1 It’s been a while since Bay Area travelers have seen airfares drop below $200 to popular locations such Hawaii or New York City, or dip below $100 round trip for intra-California or Las Vegas flights. But that’s what we are seeing with the first big airline fare war of 2023, as demand dips and prices drop during the low-demand “dead weeks” of January and February. Nearly all airlines have jumped into this war with plenty of cheap fares. Most of these fare deals disappear at midnight Jan. 5, but airlines frequently extend these sales by a day or two, so be sure to keep checking. Maui nonstops appear the be the cheapest right now at just $197 round trip from SFO and OAK. Nonstop flights to Honolulu are higher in the $240 range. If you are willing to make a stop in LAX, you’ll find fares around $200 to Kauai and Kona. You know there’s a serious sale when airlines drop intra-California and Las Vegas fares below $100 round trip. Southwest probably has the broadest offerings on these short flights, and you can check up to two bags for free. You can’t choose your seat on Southwest or other airlines if snagging the cheapest basic economy fares, but it’s not that big a deal for a one-hour flight. Right now Spirit is dangling the cheapest fares, as low as $66 round trip between the Bay Area and southern California cities. Most major carriers have fares from $88 to $98 round trip. Fares to Palm Springs, where winter sunshine is almost guaranteed, are higher at $140 round trip. https://www.msn.com/en-us/travel/news/airfares-for-flights-from-san-francisco-bay-area-to-hawaii-drop-below-200/ar-AA161x5z Crypto exchange Huobi is planning to lay off 20% of its workforce, as a months-long rout in digital asset prices continues to disrupt many of the industry’s largest companies. Singapore-based Huobi expects to maintain “a very lean team” going forward due to the ongoing bear market, the company said in a statement on Friday. Huobi’s workforce reduction comes as the exchange suffers continued outflows. Around $85 million has been withdrawn from Huobi in the last 24 hours, according to data from Coinglass, the biggest outflow among exchanges listed on the site’s asset transparency section. https://www.msn.com/en-us/money/news/cryptocurrency-exchange-huobi-plans-to-cut-20-of-workforce/ar-AA162ulu San Diego’s Silvergate Capital made one of the U.S. banking world’s biggest bets on crypto. Now it’s reeling from a run on deposits and a massive loss, intensifying fears the collapse of crypto exchange FTX may seep elsewhere into the financial system. “The worst-case scenario seems to have come to pass” for Silvergate, Jared Shaw, an analyst at Wells Fargo, said in a note after the company’s announcement. Silvergate shares cratered a record 49%. Also on Thursday, crypto brokerage Genesis let more than 60 employees go in another round of cuts, amounting to roughly 30% of its workforce. https://www.latimes.com/business/story/2023-01-05/silvergate-worst-case-scenario-crypto-concerns Salesforce Inc. division Tableau was hit harder than other units in the company’s largest-ever round of jobs cuts this week, adding to a major reorganization that signals the $15.7 billion acquisition hasn’t lived up to expectations. “It makes a lot of sense to me that Tableau would have a disproportionate contribution to this layoff,” said John DiFucci of Guggenheim Research, who has covered Salesforce as an analyst for 12 years. “That company was not growing new business when they bought it, and they paid a lot.” https://finance.yahoo.com/news/salesforce-guts-tableau-spending-15-222426248.html Winnah! Where is Yoel Roth? Two months ago, this guy had the FBI, DHS, CIA all on speed dial, and now we are all just supposed to forget about him. Where are you, Yoel? 4chan may or may not have the location of a “safe house” where Yoel Roth is, but we won’t discuss that here… 𝗦𝗮𝗻 𝗚𝗮𝗯𝗿𝗶𝗲𝗹, 𝗖𝗔 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟬% 𝗬𝗢𝗬 𝗔𝘀 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗧𝘂𝗺𝗯𝗹𝗲𝘀…. 𝗔𝗻𝗱 𝗖𝗮𝗹𝗶𝗳𝗼𝗿𝗻𝗶𝗮 𝗖𝗿𝘂𝗺𝗯𝗹𝗲𝘀 https://www.movoto.com/san-gabriel-ca/market-trends/ 𝘈𝘴 𝘰𝘯𝘦 𝘓𝘈 𝘢𝘳𝘦𝘢 𝘣𝘳𝘰𝘬𝘦𝘳 𝘴𝘶𝘨𝘨𝘴𝘵𝘦𝘥, “𝘚𝘦𝘭𝘭𝘦𝘳𝘴 𝘢𝘳𝘦 𝘴𝘰 𝘥𝘦𝘦𝘱 𝘶𝘯𝘥𝘦𝘳𝘸𝘢𝘵𝘦𝘳, 𝘮𝘰𝘴𝘵 𝘰𝘧 𝘵𝘩𝘦𝘮 𝘢𝘳𝘦 𝘣𝘦𝘵𝘵𝘦𝘳 𝘰𝘧 𝘫𝘶𝘴𝘵 𝘸𝘢𝘭𝘬𝘪𝘯𝘨 𝘢𝘸𝘢𝘺.” Comments are closed.